Chris, my take on the dollar:
I see it as a panic move. The dollar was actually falling, and world-wide, stocks and commodities rallying until about 11 pm our time last night...
Three charts: close up of the dollar index, zoomed out view of same, and the SPX which is just shy of the 61.8% fib of the last leg up.
wednesday washout, page-4
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Last
8,193.4 |
Change
-62.200(0.75%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,255.6 | 8,255.6 | 8,139.1 |
| XJO (ASX) Chart |